DealBook Online

By BEN PROTESS and STEVEN M. DAVIDOFF

Published: July 14, 2011

DEBATING DODD-FRANK Bankers, regulators and journalists gathered in New York on Wednesday to discuss some of the Dodd-Frank Act's thorniest provisions -- derivatives, the new consumer protection agency and, of course, its efforts to end ''too big to fail.''

ON VIDEO By dropping efforts to acquire outstanding shares of the British Sky Broadcasting Group, Rupert Murdoch is trying to quell the political uproar that threatens his empire. Andrew Ross Sorkin of DealBook and The New York Times's media editor, Bruce Headlam, discuss the News Corporation's announcement that it is withdrawing its $12 billion bid for Britain's main satellite-TV broadcaster.

A LONG FIGHT International Paper's $3.3 billion offer for Temple-Inland should be termed a ''patient hostile.'' The company has officially begun a tender offer for Temple-Inland's outstanding shares. But this is a mere placeholder, and International Paper is settling in for what could be a long fight.

International Paper announced its offer for Temple-Inland on Monday, and the tender offer documents were filed on Tuesday. The offer is at best an incremental step, the Deal Professor says. STEVEN M. DAVIDOFF

FINGER-POINTING Washington was prepared for a hearing on Wednesday on ''What Went Wrong'' with the Financial Crisis Inquiry Commission, which was set up in 2009 to look into the causes of the collapse.

While the meeting was canceled at the last minute, Democrats released a scathing 37-page report detailing how they thought Republicans on the commission used their position to undermine the Dodd-Frank Act, the law to overhaul financial regulation.